Absolute Net leased (NNN) Walgreens for Sale

For Sale

616 Forest Ave , Portland, ME 04101

This Portland property for sale is located at 616 Forest Ave . The current listed sale price for Absolute Net leased (NNN) Walgreens for Sale is $6,785,714.29.

Contacts

broker

Brian Dano, CCIM

SVN | The Masiello Group

(603) 377-0309

Property Details

  • Property Type Retail - Freestanding
  • Property Size 13,413 SF
  • Property Tenancy Single Tenant
  • Year Built 2010
  • Date Updated Mar 22, 2024
Portland is the largest city in the U.S. state of Maine and the seat of Cumberland County. Portland's population was 68,408 in April 2020. The Greater Portland metropolitan area is home to over half a million people, the 104th-largest metropolitan area in the United States. Portland's economy relies mostly on the service sector and tourism. In a five mile radius current median household income is $73,449, compared to $72,414 for all U.S. households. Median household income is projected to be $87,018 in five years, compared to $84,445 for all U.S. households.This Absolute Net leased (NNN) Walgreens with 11 years left of its initial 25 year term is an ideal investment, with zero landlord responsibilities. Tenant is responsible for taxes, insurance, and all repairs and maintenance at the property. The lease is guaranteed by Walgreens North east Co a Wholly owned Subsidiary of Walgreens Boots Alliance. Walgreens operates 9,000+ Locations and boasts an S&P investment grade credit rating of BBB. The site features a dedicated drive-thru, which adds a meaningful level of convenience to the customer experience and drives sales.

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Highlights

  • 10,078,650 Actual Annual Sales (estimated)
  • 11+ Years left
  • No Landlord reasonability's

Attachments

Getting around

  • 89/100

    Walk Score ®

  • 38/100

    Transit Score ®

  • 89/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Portland, ME
  • Neighborhood Back Cove
  • Zip Code 04101
  • Market Portland ME

Points of Interest

  • Portland

    1.16 miles

  • Forest Avenue Mobil

    0.25 miles

  • Gulf

    0.42 miles

  • Gulf

    0.91 miles

  • Cumberland Farms

    0.91 miles

  • Mobil

    0.94 miles

  • Citgo

    1.20 miles

  • Cumberland Farms

    1.23 miles

  • Gulf

    1.30 miles

  • Sunoco

    1.33 miles

  • 7-Eleven

    1.39 miles

  • DHS Parking

    0.66 miles

  • USM Surrenden Street Parking Garage

    0.72 miles

  • Maine Medical Center Garage

    1.14 miles

  • Monument Square Parking Garage

    1.40 miles

  • Elm Street Parking Facility

    1.43 miles

  • Top of the Old Port Parking Lot

    1.52 miles

  • Spring Street Parking Garage

    1.54 miles

  • Fore River Sanctuary Parking

    1.67 miles

  • Cumberland County Parking Garage

    1.68 miles

  • Middle & Pearl Parking

    1.75 miles

  • Maiz

    0.03 miles

  • Bird & Co

    0.06 miles

  • Mister Bagel

    0.07 miles

  • Bayou Kitchen

    0.07 miles

  • Dunkin'

    0.09 miles

  • Woodford Food and Beverage

    0.11 miles

  • Shawarma & Kebab House

    0.12 miles

  • Sunrise Bakery and Restaurant

    0.17 miles

  • Sammy's Scoops

    0.26 miles

  • Back Cove BBQ & Pizzeria

    0.34 miles

  • Veranda Asian Market

    0.15 miles

  • Hannaford Grocery Store

    0.85 miles

  • Hannaford

    0.87 miles

  • Trader Joe's

    1.09 miles

  • Shaw's

    1.11 miles

  • Hong Kong Market

    1.12 miles

  • Union Station Plaza Shopping Center

    1.21 miles

  • Save-A-Lot

    1.23 miles

  • Whole Foods Market

    1.31 miles

  • Paul's Food Center

    1.47 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Brian Dano, CCIM

SVN | The Masiello Group

(603) 377-0309